Allwinner Technology vests restricted shares for 2023 incentive plan

Zhuhai Allwinner Technology Co., Ltd. announced on September 15, 2025, that the vesting conditions for the second vesting period of the second class restricted shares under its 2023 restricted stock incentive plan's reserved grant portion have been met. This decision was approved by the company's Board of Directors and Supervisory Board. Following adjustments for previous dividend distributions and capital reserve transfers, the reserved restricted stock grant price was set at CNY 12.70 per share, with the total number of reserved shares adjusted to 432,900 shares.

The company will vest 129,870 restricted shares for seven eligible incentive recipients at an adjusted price of CNY 12.70 per share. This includes 58,500 shares for the director and general manager and 71,370 shares for six technical or business backbone employees, each representing 30% of their previously granted restricted shares. The vesting aligns with the incentive plan, which required a 2024 operating revenue growth rate of at least 20% compared to 2022. The 2024 audited operating revenue of CNY 228,790.88 million, representing a 51.10% increase over 2022, satisfied this condition.

The company’s independent financial advisor and legal firm confirmed that the vesting conditions have been met and the necessary approvals are in place. These adjustments and the current vesting process are deemed compliant with relevant laws and regulations. The company’s registered capital will increase from CNY 82,529.7512 million to CNY 82,542.7382 million as a result of the share vesting.